Shares of Clarkson PLC (LON:CKN – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,401.84 ($42.73) and traded as high as GBX 4,010 ($50.37). Clarkson shares last traded at GBX 4,000 ($50.24), with a volume of 88,554 shares.
Analyst Ratings Changes
A number of research firms have commented on CKN. Canaccord Genuity Group boosted their price target on shares of Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the stock a “buy” rating in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of Clarkson from GBX 4,080 ($51.25) to GBX 4,320 ($54.26) and gave the stock an “overweight” rating in a report on Tuesday, March 5th.
View Our Latest Stock Analysis on CKN
Clarkson Trading Down 2.0 %
Clarkson Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, May 9th will be issued a GBX 72 ($0.90) dividend. This represents a dividend yield of 1.96%. This is a positive change from Clarkson’s previous dividend of $30.00. The ex-dividend date is Thursday, May 9th. Clarkson’s payout ratio is presently 3,722.63%.
Insider Activity at Clarkson
In related news, insider Jeff Woyda sold 18,773 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($51.19), for a total transaction of £764,999.75 ($960,934.24). 11.01% of the stock is currently owned by company insiders.
About Clarkson
Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.
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